Retail

Turkiye's retail trade confidence rebounds in December

27 Dec '23

1 min read

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Insights

Turkiye's retail trade confidence index rose by 4.5 per cent to 116.8 in December, recovering from November's decline.
Growth was seen in business activity-sales and expectations for the coming months.
Meanwhile, stock volumes slightly decreased, and the services sector saw a modest increase in confidence, contrasting with a decrease in construction.

Turkiye’s retail trade confidence index saw an upturn, growing by 4.5 per cent to 116.8 in December, counteracting the 1.9 per cent fall in November, as per the Turkish Statistical Institute Turkstat.

A notable increase was observed in business activity-sales in retail trade over the past three months, which jumped by 9.9 per cent to 127.9 in December, a rebound from the 3.3 per cent decline in November.

Current volume of stock marginally decreased by 0.9 per cent to 94.6 in December, after no change in November. The business activity-sales expectation over the next three months increased by 3.7 per cent to 127.9 in December, following a 2.1 per cent fall in November, according to Turkstat.

Moreover, seasonally adjusted confidence index of the services sector increased by 1.2 per cent that of the construction sector decreased by 3.3 per cent in December compared to the previous month.

Fibre2Fashion News Desk (KD)

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